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Professional services firm, PwC Nigeria, has advised revenue boards of the 19 northern states to leverage on technology to boost their Internal Revenue Generation (IGR).
According to PwC, by eliminating manual processes and adopting digitalisation, tax authorities can improve efficiency of tax administration.
Speaking at a forum with state revenue boards of the northern region in Abuja, yesterday, the Tax Partner, PwC, Kenneth Erikume, noted that challenges facing the Nigerian tax landscape include corruption, lack of accountability and capacity to tackle tax evasion and schemes, narrow tax base and undue influence of tax authorities.
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Erikume, who spoke on the topic, ‘Staying Ahead of the Revenue Growth Curve Using Technology,’ stressed that technology is key to improving revenue generation, adding that Nigeria has significant capacity for tax revenue but is one of the worst performers globally.
He stressed the need for states to ensure integration of tax database with existing database management systems and enhanced tax audit and verification systems, and also upgrade existing data management systems and smart use of data analytics and information management systems.
Also speaking, the Regional Head, (Abuja/North), Business Interswitch, Thomas Eze, described the meeting as crucial, saying it will arm the boards with necessary information on how to use technology to boost revenue generation.”
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